Bruce told Ewen that he would be willing to pay a high rate of ...

[dmcintosh]

Bruce told Ewen that he would be willing to pay a high rate of interest for a two-month loan of $1000. Ewen agreed to lend Bruce this amount at an annual rate of 25%, repayable June 14. Bruce agreed to these terms. Meanwhile, Bruce had recently completed some plumbing work for Martinson for which he was owed $2000. If Bruce failed to pay Ewen on June 14, which of the following is true?
◦ If Ewen obtained a judgment against Bruce, he could compel Bruce to be examined about Martinson's income, property, and debts.
◦ Ewen does not have to wait to obtain a judgment before executing against Bruce's assets.
◦ Ewen could serve Martinson with a garnishing order after obtaining judgment commanding Martinson to pay the money owed to Bruce into court if the money had not yet been paid to Bruce.
◦ Ewen could execute against Bruce even if he had not obtained judgment against him.
◦ Ewen could sue Martinson for violation (breach) of the contract.

[smrtceo]

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[dmcintosh]

Thanks for the timely response, appreciate it

[essyface1]

Great answer, keep it coming